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Topic: When/How to sell your 5D Mark II? (Read 6325 times)

Many of us 5D II owners are going to sell to pay for the new 5D III. But when? How?

Obviously November 2011 might be a good time, but must i sell today? Can i wait a month or two (or three) to get my 5DIII in hand first? I have a back-up body to get me throughout the gap, but it's no 5DII.

For me straight to eBay ( I live in a small town far from the city), but for you? And should I sell my 24-105 with it?, or separately? (I am getting another lens, and don't need it) How about my vertical grip. Sell Body, Grip and Lens as a kit or separately?

What am I missing?

« Last Edit: March 04, 2012, 08:51:57 PM by TexPhoto »

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It's still unclear it the BG-E6 works with the 5DIII - initially it was listed as compatible, then changed. That might make selling it separately (or keeping it) worth considering. Else, try selling as a competitively priced package. If new 5DII prices fall further, it'll get harder.

I'm fortunate enough to have funds for the 1D X outright, so I'll be selling the 5DII and BG-E6 to offset a future lens purchase, meaning I can afford to be patient.

This is a very good question and reading the tea leaves of what will happen with each camera model can be difficult. I will more than likely (>95% chance) be getting the Mark III over the next few months. A great part of me wants to pre-oder now (my heart), but my brain keeps telling me to wait and see what the actual camera reviews are like when they are shipped to those who pre-ordered. At that point I will feel less guilty and can justify to my brain that getting the camera was OK. At that point I will sell my 5DII and live with what the market will bear at that point in time. If prices for the 5DII changes either way after that or if the Mark III's price drops at the end of the year-I can live with that. I won't look back. AT least that's the way I look at it. I think the price of the Mark III will eventually drop by a few hundred bucks. Hopefully by the time that happens I will have had ample time to enjoy and use it and all of its new features.

neuro, I had not heard that the BG-E6 might be compatible. That would be nice. I was planning to buy the new grip in a year or so when the price had come down, maybe used. That's how I bought the BG-E6 and saved about $100. Looking at the pins in photos of the new grip, it looks identical.

I sell micro-stock, and the difference between 22MP and 18 is significant. The 5DII was perfect 3 years ago, and made me switch from Nikon. I do have a 7D as my second body for sports/kids etc. Right now i think the 5DIII is perfect for me. I plan to keep the 7D and would love for the 1D IV to drop on the used market to be my 7D replacement. But I don't see it falling significantly for a long time.

jalbfb, I have a pre-order in. Thinking I can always cancel it, but the 5DII has been soooo good to me. I am willing to go on faith in Canon to a large degree.

« Last Edit: March 04, 2012, 10:26:56 PM by TexPhoto »

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Carny

If you can go without a camera for a while, I'd put it on craigslist now for a little more than what you would hope to get out of it. You have time to be patient. If you're from a small town it may be harder to sell, but on the other hand, if someone near you is looking for one it will also be harder to find. It's worth a shot. Plus ebay fees are pretty high.

Personally I will wait to receive my 5DmkIII and then will sell the mkII on ebay or graiglist most likely. I was too emotional and could not resist buying the 5DmkIII even though my original plan was to wait and get the 1DX like Neuro... I still plan to get the 1DX though but it will ask me to get creative on the funding!

biggles_no1

And should I sell my 24-105 with it?, or separately? (I am getting another lens, and don't need it) How about my vertical grip. Sell Body, Grip and Lens as a kit or separately?

Personally I would not sell any lens with a camera because you will reduce the number of potential buyers. People looking to upgrade, and who already have a selection of lenses, wont usually bother bidding. (If it is a lens they alread have then its duplication, if its a lens they dont really want then its a waste of money/inconvenient to dispose of/sell on).

Other accessories, batteries, chargers grips etc, on the other hand are a different matter and will usually make your camera more attractive than cameras without those items.

My 2cents - If really thinking about 5D III and you have a backup camera, I think you should sell your 5D II ASAP before the price drop. I did

I live CA, Orange County. I decided to sell my 5D II on Craiglist. For less than 3hrs, the camera is sold for $1945 - and yes $45 profit went into my pocket. Bought this camera last x-mas for $1900. I used that $1945 to fund my future 5D III.

Ebay will charge you 10-12% on total. That's easily over hundred of dollar in fees, so try craiglist first.

I ran the numbers through a basic forecasting model, using the following adjustments.- correct for seasonality- correct for a simple linear trend- take the de-seasonalized, de-trended pattern of 5D sales after the 5DII launch, apply that pattern to the 5DII... then reapply seasonality and downward trend.

I did not correct for- Economic chaos of 2008/2009- rebates- shipping problems

Assumptions:The II was announced Sep 17, 2008 and began shipping 75 days laterThe III was announced March 2, 2012 and I just put May 16 (75 days) as the ship date to simplify the math.

Here's what I learned:The best months to buy a body: Jan/Feb/MarThe best months to sell a body: May/July

In general, prices drop about 1.4% per month.

Right after the 5DII announcement there appeared to be a little sell panic and the 5Dc price dropped about $500When the 5DII actually started shipping, there appeared to be a little buy panic (people thinking they could snap up a good deal on a 5Dc) and the price shot up, rising above the historical average.Prices dropped again 3/4/5 months after the II began shipping because supply was high and demand calmed down. But then the price rebounded - and a year after announcement, the price finally stabilized and began a predictable downward march.

Sell Recommendation: Sell your II May/June/July of this year

Here's what popped out of the model:

Disclaimer: Prediction is very difficult and unreliable, especially when it's about the future

I ran the numbers through a basic forecasting model, using the following adjustments.- correct for seasonality- correct for a simple linear trend- take the de-seasonalized, de-trended pattern of 5D sales after the 5DII launch, apply that pattern to the 5DII... then reapply seasonality and downward trend.

I did not correct for- Economic chaos of 2008/2009- rebates- shipping problems

Assumptions:The II was announced Sep 17, 2008 and began shipping 75 days laterThe III was announced March 2, 2012 and I just put May 16 (75 days) as the ship date to simplify the math.

Here's what I learned:The best months to buy a body: Jan/Feb/MarThe best months to sell a body: May/July

In general, prices drop about 1.4% per month.

Right after the 5DII announcement there appeared to be a little sell panic and the 5Dc price dropped about $500When the 5DII actually started shipping, there appeared to be a little buy panic (people thinking they could snap up a good deal on a 5Dc) and the price shot up, rising above the historical average.Prices dropped again 3/4/5 months after the II began shipping because supply was high and demand calmed down. But then the price rebounded - and a year after announcement, the price finally stabilized and began a predictable downward march.

Sell Recommendation: Sell your II June/July/Aug of this year.

Here's what popped out of the model:

Disclaimer: Prediction is very difficult and unreliable, especially when it's about the future

Forecast of Ebay Sales Price for the 5DII, based on historical 5D Classic Ebay Prices:Includes seasonality, simple linear trend, and supply/demand pattern of 5Dc in Year 1 of the 5DII launch.

Very empirical post - well done. I did however see a Mk.II on CL today locally that is $1400 and another one at $1500 and many in the 17-1900 range. I think the market is shifting downward pretty quickly at the moment. It may very well be good advice to hold onto it for a bit , however there is the chance that once the 5D3's are shipping it will be a bigger buyers market for the Mk.II's.

canon rumors FORUM

I leave my used gear in a local store and get a new one paying the difference. Using ebay and alikes would give me less loss probably, but after dealing several toys in one place you can get better prices on everything in the future. So now, I'm pretty sure after some history it doesn't make sense for mde dealing with ebay anymore.Result: less stress, no waiting to finalize transaction, hand-to-hand trusty operation etc.